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20351 Sheridan Street, Fort...

EverWest Real Estate Investors Acquires Industrial Property In Pembroke Pines For $58.25M
SOLDIndustrial

EverWest Real Estate Investors Acquires Industrial Property In Pembroke Pines For $58.25M

20351 Sheridan Street, Fort Lauderdale, Florida 33332, United States

$58,250,000

$234/SF

Building Size

248,770 SF

Asset Type

Industrial

Closing

Jan 5, 2022

AI

Located at 20351 Sheridan St. in Pembroke Pines, this industrial property was recently sold in a closed transaction. The property spans a total area of 248,770 square feet, with a price per square foot of $234. The sale was finalized on 01/05/2022.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $58,250,000
  • Buyer: EverWest Real Estate Investors - Rick Stone
  • Seller: Bang Energy - Jack Owoc

The buyer in this transaction was EverWest Real Estate Investors, represented by Rick Stone. On the other hand, Bang Energy, represented by Jack Owoc, acted as the seller. The property was sold for a total sale price of $58,250,000. This successful deal showcases the active industrial market in Pembroke Pines.

Players

Rick Stone

Sagard Real Estate

Broker

$329.8M

vol

14 deals

Broker
Rick Stone

Rick Stone

EverWest Real Estate Investors

Buyer

$329.8M

vol

14 deals

Buyer

Jack Owoc

Seller

$130.8M

vol

3 deals

Seller

Fort Lauderdale Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93